Kolibri Global Energy Inc. (TSX: KEI; NASDAQ: KGEI) announced that its board has received a shareholder requisition requesting a vote on setting the company's maximum authorized share count at 37,367,894.

The requisition, filed under section 167 of the British Columbia Business Corporations Act, came from CDS & Co. on behalf of participants holding shares for TFG Asset Management UK LLP, the beneficial owner of the stock. Kolibri currently has 35.38 million shares outstanding on an undiluted basis, and 36.86 million on a fully diluted basis.

In response, the company has scheduled a special general meeting of shareholders for November 25, 2025. Shareholders are not required to take any immediate action, but details on the record date and meeting logistics have been filed on SEDAR+.

Kolibri, a North American oil and gas exploration and production company with assets in the U.S., is navigating this shareholder push as part of broader governance oversight. Shareholder-led requisitions are not uncommon in the energy sector, particularly when investors seek to limit potential dilution from new share issuances.

The meeting outcome could influence Kolibri's flexibility in raising capital through equity issuance, a tool frequently used by junior and mid-cap energy companies to finance exploration, development, or acquisitions. The move reflects growing investor attention to capital discipline and shareholder protection in upstream oil and gas.